01-21-2021, 09:47 AM
Sold 3 02/19/21 GME Puts with $20 strike for $0.84/contract. ~$250 income (on $6,000 cash secured, so 4% yield over 30 days, equivalent to a 50% annualized yield) for less than a month's risk of a 50% drop in a meme stock with an improved balance sheet, activist investor/board member pushing continued 300+% online platform sales growth, heading into a new console cycle with lots of pent-up demand.